A network fee charge which has saved Kuehne + Nagel Limited over £17m in corporation tax over six years is under investigation by HMRC, according to the company’s latest annual results. The investigation, revealed in K + N’s annual accounts for the year to 31 December 2018, was triggered following an earlier inquiry by HMRC in 2015 into the company’s payment of a trademark fee. This latest inquiry centres around a network fee charge which K+N pays to Kuehne + […]
Parcel carriers FedEx, Royal Mail and DHL have been named among the top 20 Business Superbrands in the annual Superbrands list.
The boss of CM Downton has said customers need to be realistic about haulage rates as the economic recovery begins to lay bare capacity issues within road transport.
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]